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August 30, 2023

Timex Middlebury HQ sold as development plans linger

Costar The Timex property at 555 Christian Road, Middlebury.
By Hanna Snyder Gambini

The Timex headquarters building in Middlebury has been sold for $7.5 million as proposed development plans for a new distribution center are in limbo.

According to town land records, Timex Group USA Inc. sold the 73,000-square-foot office building to Southford Park LLC and principals David Drubner and Joseph L. Zink in a deal recorded Aug. 28. 

The 92-acre property at 555 Christian Road has a total appraised value of $9 million.

Members of the Drubner family also own an adjacent 20 acres at 764 Southford Road, which was merged with the Timex property for a planned food distribution complex with two buildings totaling more than 700,000 square feet.  

Plans gained town Conservation Commission permit approval in May before a legislative move changed the allowed maximum size of distribution centers in smaller towns.

Timex is still occupying the property as owners and applicants continue to work through the land use process. 

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